BNY MELLON ENTERPRISE ESG 78 GLOBAL CITIZENSHIP FACILITIES MANAGEMENT OPERATIONAL RESPONSE TO CLIMATE CHANGE RISKS BNY Mellon recognizes that climate change is amplifying operational risk exposure due to disruptive weather patterns and events. Additionally, precipitation and temperature extremes including floods, fires and storms prompt companies to ensure that strong management and resiliency plans are in place. Responses to these events have implications for operational stability and, more broadly, the reputation of the industry. Our enterprise resiliency program addresses physical infrastructure risks through investments in emergency power generation, flood planning, geographically distributed workforce balancing, and backup systems in technology and data centers. We evaluate potential climate-related impacts such as chronic sea level rise, stress on public utilities, weather events, shifting government regulations, and social and economic instability in locations where we operate. Acute physical dimensions including seismic properties, exposure to storms, and 500-year floodplain evaluations (zones that have a one in 500, or 0.2% chance of experiencing a flood occurrence in a given year) are assessed as potential risks that should be mitigated and are addressed as necessary. BNY Mellon incorporates climate risk management strategies into our operational controls. For example: • At BNY Mellon’s Corporate Headquarters in New York City, a flood resiliency project included hydro barrier installation planning, the elevation and relocation of electrical systems, and the installation of additional pumping equipment • Backup power generation is considered and installed at various locations • Our data centers are sited to minimize climate- related risks and proximity to other potential physical risks Because the implications of climate change are evolving, we continuously evaluate potential emerging impacts and develop corresponding appropriate actions. In 2021, BNY Mellon took two key steps in support of this. BNY Mellon has conducted a detailed climate risk and resiliency assessment of our real estate portfolio in both its current and future states. This study has identified potential vulnerabilities within our physical real estate portfolio that could impact business continuity and impose costs on BNY Mellon. Vulnerabilities to extreme weather events have been recently observed, such as the 2021 Texas winter storm and subsequent power crisis, and 2021 Luxembourg flood. As a result of this assessment, we have initiated steps to increase resiliency and address vulnerabilities at the identified locations. Additionally, we will continue to review and update relevant internal policies as necessary to address potential risk assessment findings, for example, those related to the construction of new spaces, specific geographic analysis approaches, backup power generation systems, flood hardening and existing equipment maintenance procedures. Climate-Related Solutions to Serve Clients Guided by our corporate purpose, we are committed to helping clients manage their ESG-related risks and opportunities, including those related to climate. We continue to develop and offer ESG solutions that: • Help clients invest responsibly • Provide them with the global reach, data and analytics to make better-informed Responsible Investment decisions • Facilitate sustainable debt and equity financing • Provide innovative investment solutions and help clients understand the effects of climate change on their portfolios ASSET SERVICING AND DIGITAL Our asset servicing clients are increasingly focused on how to invest or create products that help to mitigate climate-related risk or align to new opportunities associated with green or climate-positive impact investment. We offer a powerful solution: our ESG Data Analytics tool, which offers the ability to drill down into specific climate-related metrics.